business
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Business News
Kenya to maintain low digital service tax on tech giants despite OECD pressure
The Kenyan government has confirmed that it will be maintaining its 1.5% digital service tax on multinational tech giants, despite…
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Business News
Canada: 13 colleges in Ontario that will admit fewer international students from April
Prospective international students coming to Ontario in Canada for studies may find it difficult to obtain admission into 13 public…
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Business News
Alphabet to pay first ever dividend as net income hits $23.7 billion in Q1 2024
Google’s parent company, Alphabet LLC, will pay its first ever dividend, even as the group’s earnings for Q1 2024 exceeds…
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Business News
Customs FX rate for cargo clearance rises by 11% in two days
The Nigeria Customs Service (NCS)’s exchange rate for import duties collection has risen by 11.0% from N1150/$ to N1277.52/$, according…
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Business News
FG paid N50,000 grant to 150,000 Nigerians this week – Minister
The Minister of Industry, Trade and Investment, Doris Uzoka-Anite, has confirmed that about 150,000 individuals received the sum of N50,000…
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Business News
LASG set to launch 25 new ferries to boost water transportation
The Lagos State Government has announced plans to introduce 25 new ferries to the state’s inland waterways in a few…
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Business News
Financial experts fear electricity tariff hike may push up inflation
Financial analysts have warned that the recently increased electricity tariff may drive up inflation in the country and inflict more…
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Business News
NASD OTC Exchange Loses 0.10%, Index Now 1,101.31 Points
By Adedapo Adesanya The NASD Over-the-Counter (OTC) Securities Exchange recorded a 0.10 per cent depreciation on Thursday, April 25 after…
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Business News
Audit report: Dana Air deemed unfit for flight in 2022, says Keyamo
Festus Keyamo, Minister of Aviation and Aerospace Development, has disclosed that the 2022 Nigeria Civil Aviation Authority (NCAA) audit found…
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Business News
FG invites firms to bid for $10 billion Nigeria Diaspora Fund management
The Federal Ministry of Industry, Trade and Investment (FMITI) invite eligible firms to indicate interest in providing services as Nigeria…
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Business News
Nigerian fintech, Paga, processes N14 trillion transactions in 15 years
One of Nigerian fintechs licensed as a mobile money operator, Paga, says it has processed transactions worth N14 trillion in…
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Business News
Nigerian Naira Extends Loss to Fifth Day Despite FX Supply Boost
By Adedapo Adesanya The Nigerian Naira weakened against the US Dollar in the Nigerian Autonomous Foreign Exchange Market (NAFEM) on…
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Business News
Keyamo approves Abuja-London route for Air Peace
The Minister of Aviation and Aerospace Development, Mr. Festus Keyamo, has announced his approval for Air Peace to operate the…
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Business News
Resurgence of Middle East Worries Push Brent, WTI Prices Up
By Adedapo Adesanya The crude oil grades soared on Thursday on worries of supply disruptions in the Middle East supply…
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Business News
Ways & Means: FG borrows additional N3.8 trillion from CBN in 6 months
The Federal Government of Nigeria received an additional N3.8 trillion in what appears to be fresh Ways and Means Borrowing…
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Business News
Transcorp Hotels, Others Jumpstart Stock Market by 0.05%
By Dipo Olowookere The Nigerian Exchange (NGX) Limited returned to the green territory on Thursday after two trading days in…
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Business News
NNPC blames latest fuel scarcity on logistics, says all issues resolved
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has attributed the recent scarcity of fuel in some regions of the…
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Business News
FG grants NAEBI Dynamic Concept exclusive right to collect helicopter landing fees nationwide
The Federal Government, through the Ministry of Aviation and Aerospace Development, has authorized Messrs NAEBI Dynamic Concept Limited to exclusively…
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Business News
Dangote Cement reports N166 billion pre-tax profits in Q1 2024
Dangote Cement has released its unaudited financial statements for Q1 2024, posting a gross turnover of N817.35 billion, representing a…
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Business News
NNPCL signs agreement for construction of 100,000bpd-capacity facility inside Port-Harcourt refinery
The Nigerian National Petroleum Company Ltd (NNPCL) has announced the signing of an agreement with African Refinery for a share…
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